No. As of October 2026, Alfa Ica (India) Ltd (530973.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Alfa Ica (India) Ltd does not pass Musaffa's business and financial screening criteria.
Alfa Ica (India) Ltd. engages in the manufacturing of laminated sheets. Its range consists of more than 600 design decor and more than 50 textures. The firm offers laminate, compacts, cubicle compact laminate, post-forming, real metal foil, antibacterial, interior grade, flooring, exterior, dry-wipe board, tough glass laminate, laboratory grade, fire retardant, tile panels, color-core and anti-fingerprint. Its Laminates consist of several layers of phenol-saturated kraft papers and melamine-coated decor papers together with overlays and underlays. Its Compact Grade Laminates (HPL) are composed of several layers of Kraft paper and melamine decor on both sides. The company can be used for substrate and for horizontal and vertical grade applications. Its decor collection includes solid colors, wood grains, marbles, patterns, flickers and special effects.
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Alfa Ica (India) Ltd 530973.BO
₹71.55 ₹0.75 (1.06%) 1D
Last Updated: Oct 08, 12:00 AM·BSE
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530973.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Alfa Ica (India) Ltd is classified as not halal.
NOT HALAL
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FAQ's for Alfa Ica (India) Ltd (530973.BO)
As of October 2026, Alfa Ica (India) Ltd 530973.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Alfa Ica (India) Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Alfa Ica (India) Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Alfa Ica (India) Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Alfa Ica (India) Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Alfa Ica (India) Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Alfa Ica (India) Ltd (530973.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.